The bell's bringing in to the trading day at the NYNC, BNY, ringing the ballot at the NASDAQ and for technology doing the honors. Welcome to closing bell overtime. We're live from Studio B at the NASDAQ market site. I'm Melissa Lee along with Mike Santoli. Sox higher across the board today. The Dow up nearly 300 points. And that is a new record closed, by the way, small gains for the S&P 500 in NASDAQ. Once again, the Russell 2000 leading

the way, more in the markets straight ahead, including the momentum pushing the Russell.

And as the markets move on from yesterday's big earnings, we've still got several notable

companies reporting today, including Workday, Zoom, Raw stores, and Decker's. And we're still

watching the fallout from SpaceX's S1, as Open AI could be next in the pipeline, but we will start with the markets. And it did seem once again that oil sort of set the tone for the markets. The markets followed along. It did. You know, we get a little bit of a hint of a headline that says maybe things clear up in the Gulf and oil softens up, yields come down. You know, there's a little bit of a bid in stocks after that, but it did fade, right? We need

confirmation. clear up in the Gulf and oil softens up, yields come down. You know, there's a little bit of a bit

in stocks after that, but it did fade, right? We need confirmation for that to last. I think it

doesn't really change the broader complexion. So a week ago today, S&P 7500, that's the high still.

We've been just kind of going sideways below that, churning around, trying to figure out if we just have to digest it.

What's fascinating is, invidia, another great quarter, another great guide, down almost 2%.

And what happens in reaction, the DRAM memory ETF goes up 5%.

Everything else in the chip world will go higher, but not Nvidia, despite the valuation there.

And we're grabbing for the stuff that just can move the fastest, and it's the most volatile,

and it's kind of the higher torque play on all of these themes as we go along.

Also, the VIX below 17 kind of shows you all this push and pull below the surface of the index

and, of course, building toward a three-day weekend as well.

But it's a calm market, but not one that has a lot of push behind it, at least at the moment.

And you can see sort of the fractures in the consumer complex. And we had the headlines from Walmart talking about the consumer that is increasingly under stress.

We have mortgage rates at nine-month highs. So we've got gas prices, four and a half bucks, a gallon going into the Memorial Day weekend. So these are all concerns. And so the relief in oil prices that really sort of lets the market breathe a little bit for as long as that lasts. Right, exactly. And, you know, they've been massive underperformers, that whole group, you know, in the last three months or so. Let's get more on today's market movers. Christina Parts and Evel is here with. Well, equity is edged higher, like you guys said, midday while oil prices did decline. As traders really continue to track developments around the Iran conflict, that pressure on crude really weighed on the S&P energy sector for a second straight day. Valero, Marathon, Vlaro down almost four and a half percent today, APA among the biggest laggards. In tech, NVIDIA

slipped despite topping first quarter estimates, as investors really focused on what's next.

The company did highlight $20 billion within a CPU opportunity, and that's why competitors,

AMD, and Intel move lower, while Arm, a key Nvidia beneficiary, surged about 12%, oh, 16%.

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